Landlords’ go-to tool to set rent prices to be gutted under RealPage settlement

That report cited comments made by a RealPage vice president, Jay Parsons, at a meeting with a group of real estate tech executives. Boasting that “one of their company’s signature product’s software [uses] a mysterious algorithm to help landlords push the highest possible rents on tenants,” Parsons wooed landlords. In a since-deleted video, he noted that apartment rents had recently increased by 14.5 percent, bragging that “never before have we seen these numbers” and…